US Puts Chinese Firm on Sanctions List for Selling Fire Hydrants to Iran!

February 5, 2017 - 16:47

Two Chinese companies included on a new US sanctions list targeting Iran said on Sunday they had only exported “normal” goods including fire hydrants to the Islamic Republic and didn’t consider they had done anything wrong.

US on Friday imposed sanctions on 25 individuals and entities. Those affected under the sanctions cannot access the US financial system or deal with US companies and are subject to secondary sanctions, meaning foreign companies and individuals are prohibited from dealing with them or risk being blacklisted by the United States.

The list includes two Chinese companies and three Chinese people, only one of whom the US Treasury Department explicitly said was a Chinese citizen.

Richard Yue, who is on the list, told Reuters he was also Chinese and that he thought the decision was unfair. His bank account had been frozen, meaning he couldn’t work, he said.